RBI has allotted the Indian Financial System Code in short denoted as IFSC codes to all the bank branches in India. IFSC codes are unique 11-digit codes with alphanumeric characters. These codes help the users to ensure that the transferred funds go to the right person account, without any errors.
For example, we can take the IFSC code: "SMBC0000001" - of Sumitomo Mitsui Banking Corporation branch in New Delhi, India.
- Here, the first four alphabets, SMBC, indicate the bank name, i.e., Sumitomo Mitsui Banking Corporation.
- The fifth digit is 0 (zero) - provided for future use.
- The last six digits 000001 - denotes a particular branch of New Delhi, India.
This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Sumitomo Mitsui Banking Corporation account or to other bank accounts. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via, NEFT and RTGS to any bank in India. This code helps to avoid the risk factor while sending and receiving funds through banks in our country.
Easy way to find Sumitomo Mitsui Banking Corporation IFSC Code and MICR Code?
The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Sumitomo Mitsui Banking Corporation. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank's official website.
Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes.
Sumitomo Mitsui Banking Corporation Branch Details
ABOUT SUMITOMO MITSUI BANKING COOPERATION
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Sumitomo Mitsui Banking Corporation Group is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segments worldwide. The Sumitomo and Mitsui companies date back more than four centuries, and both were founded as banks in the nineteenth century.
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SMBC's predecessor banks are Mitsui Bank, founded in July 1876 in Tokyo, and Sumitomo Bank, in 1895 in Osaka. SMBC was established in 2001 following the merger of the two leading banks: Sakura Bank, formerly Mitsui Taiyo Kobe; and Sumitomo Bank. In December 2002, SMBC became a subsidiary of SMFG, a holding company created through a share transfer.
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SMBC is one of the largest Japanese banks by assets, with strong credit ratings across the globe. It works across SMBC Group to offer personal, corporate and investment banking services to its network that extends across 40 countries and regions, 16 of which are in Asia.
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The bank's Asia Pacific regional headquarters is based in Singapore established in 2008 to expand its presence in the region and rise in Asia. The bank was driven by its commitment to lead the way in providing value to its customers and the markets.
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The advantages of SMBC's are to be a strong client base with broad coverage of the Fortune 500 and Worldwide operations that enable the bank to provide clients with global solutions and that make SMBC the leading choice for business expanding around the globe, particularly in Asia. It is the second largest bank in Japan by assets.
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The vision of the bank is to be a trusted global solution provider committed to the growth of its customers and advancement of society.
Sumitomo Mitsui Banking Corporation opened its New Delhi branch in 2013 and Mumbai branch in 2017 and Chennai branch in 2020.
ADDRESS:
Sumitomo Mitsui Banking Corporation,
13th Floor, Hindustan Times House,
18-20, Kasturba Gandhi Marg,
New Delhi - 110 001, India.
For further details contact:011-47689111.
Email: contact-us@in.csmbc.co.jp